Search Results for: FED
Asia stocks drop after earnings hurt Wall Street
July 28th, 2014
Asian stocks faced a drop in Wall Street and hovered near three-year highs on Monday, with China taking the lead after data showed a robust jump in profits earned by industrial firms in the world’s second-largest economy. The dollar ...
Gold Steadies After Losses, Remains Under $1300
July 25th, 2014
Gold remains under the key level of $1300, as the spot price stands at $1293.13 per ounce late the European session. The metal has now slipped about 2% in the past week. On the release front, it’s a quiet ...
IMF Cuts Global Forecast for 2014
July 25th, 2014
The International Monetary Fund lowered its outlook for global growth this year as expansions weaken from China to the U.S. and military conflicts raise the risk of a surge in oil prices. The world economy will advance 3.4 percent ...
Wal-Mart U.S. CEO Bill Simon steps down
July 24th, 2014
Wal-Mart said Thursday that Greg Foran will replace Bill Simon as its U.S. CEO. Simon has been in the role since June 2010 and will leave the company. Wal-mart’s stock was down just under 1% to $76.30 in pre-market ...
AT&T’s New Device Financing Plan Weighs On Revenue
July 24th, 2014
AT&T Inc’s quarterly revenue rose a weaker than expected 1.6 percent as cheaper service plans offered to customers who forgo subsidized cellular phones cut into margins. Faced with mounting pressure from competitors, AT&T has unbundled service and device charges, ...
Law suits launched against law firms across US over mortgage advice
July 24th, 2014
Federal agencies and 15 states have initiated 41 law suits against law firms and lawyers concerning alleged scams over the provision of legal help to struggling homeowners. Suits have been brought, for instance, against Florida law firms Hoffman Law ...
China Shares Roll after PMI Data
July 24th, 2014
Chinese stocks rose, sending the benchmark index to a three-month high, as a jump in the nation’s manufacturing gauge spurred optimism the government will meet its economic-growth target for this year. Industrial Bank Co. (601166) and Poly Real Estate ...
U.S. Stocks Rise as Apple Rallies With Health-Care Shares
July 23rd, 2014
U.S. stocks roes, with the Standard & Poor’s 500 Index at an all-time high, as Apple Inc. results boosted technology companies and health-care shares rallied amid earnings. Apple surged to the highest since 2012 after signaling the long wait ...
SEC set to end $1 a share for some money funds
July 23rd, 2014
Regulators are expected to vote Wednesday to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors. The idea is ...
U.S. SEC poised to adopt reforms for money market funds
July 23rd, 2014
U.S. regulators are expected to adopt rules on Wednesday that force “prime” money market funds used by large institutions to float their share price. Proponents have suggested that moving from the current stable $1 per share net asset value ...
